Azad Engineering Limited inaugurated two exclusive lean manufacturing facilities in Hyderabad on September 28, 2026. The new units support GE Vernova's global demand for highly engineered components in the power generation sector.

Facility details and capacity

The two new state-of-the-art facilities are located at the company's Centre of Excellence & Innovation Centre in Tunikibollaram, Hyderabad. Each facility spans 7,600 sq. m and is dedicated to manufacturing specialized machined parts, including rotating and stationary airfoils. These components are critical for GE Vernova's gas power business and essential industries.

Strategic expansion

This inauguration marks a significant expansion of the company's operational footprint with its key client. With the addition of these two units, Azad Engineering now operates three dedicated facilities exclusively for GE Vernova. The move underscores the deepening partnership between the Indian manufacturer and the global energy giant.

Operational significance

The shift to exclusive lean manufacturing facilities indicates a focus on efficiency and quality control for high-precision engineering tasks. By dedicating specific infrastructure to a single client's requirements, the company aims to streamline production processes and meet stringent global standards for power generation equipment.

Azad Engineering has scheduled its 43rd Annual General Meeting (AGM) for September 29, 2026. The meeting will convene via video conferencing at 2:30 pm to approve the adoption of audited financial statements for FY26 and key board appointments.

The primary special business item involves seeking shareholder approval for a revision in the remuneration of Chairman and CEO Rakesh Chopdar. The Board proposes increasing his annual pay to ₹528 lakh from the current ₹480 lakh, effective from April 1, 2026, covering the remainder of his existing tenure until September 12, 2026.

Director Re-Appointments

Shareholders will also vote on the re-appointment of three whole-time directors for a five-year term ending September 12, 2031. The proposed remuneration structures are as follows:

Mr. Vishnu Malpani’s variable pay component is contingent upon meeting performance parameters set by the Nomination and Remuneration Committee. Mrs. Jyoti Chopdar and Mr. Rakesh Chopdar are spouses, while Mr. Malpani has no disclosed relationship with other directors.

What the Numbers Show

The proposed remuneration for Mr. Chopdar exceeds the regulatory threshold requiring shareholder approval under Regulation 17(6)(e) of the SEBI Listing Regulations. This rule mandates consent if annual remuneration to executive directors who are promoters exceeds ₹5 crore or 2.5% of net profits, whichever is higher. The current proposal of ₹528 lakh clearly surpasses the ₹5 crore limit, necessitating the special resolution.

Voting and Logistics

The company will enable remote e-voting from September 26, 2026, at 9:00 am to September 28, 2026, at 5:00 pm. The cut-off date for voting eligibility is Friday, September 18, 2026. Members holding shares as on this date will be entitled to vote on all resolutions. The register of members will remain closed from September 23, 2026, to September 29, 2026.

Shareholders who have not registered their email addresses with the company or depository participants will receive letters containing the weblink to access the AGM notice and the Annual Report for FY26. The report is available at azad.in/annual-report/.